Corient Private Wealth LLC Cuts Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Corient Private Wealth LLC trimmed its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,237 shares of the company’s stock after selling 1,145 shares during the period. Corient Private Wealth LLC owned approximately 0.08% of Grand Canyon Education worth $3,970,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its stake in Grand Canyon Education by 9.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,483 shares of the company’s stock valued at $352,000 after purchasing an additional 209 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in Grand Canyon Education by 113.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,213 shares of the company’s stock valued at $1,307,000 after purchasing an additional 4,901 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Grand Canyon Education during the 4th quarter valued at $255,000. Franklin Resources Inc. lifted its holdings in shares of Grand Canyon Education by 10.7% during the 3rd quarter. Franklin Resources Inc. now owns 37,523 shares of the company’s stock valued at $5,014,000 after buying an additional 3,630 shares during the period. Finally, Postrock Partners LLC bought a new position in shares of Grand Canyon Education during the 4th quarter valued at $1,715,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOPE has been the topic of several research analyst reports. StockNews.com raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. BMO Capital Markets increased their price target on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Finally, Barrington Research raised their target price on Grand Canyon Education from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th.

Grand Canyon Education Trading Down 0.8 %

LOPE opened at $168.82 on Friday. The firm has a market cap of $4.85 billion, a P/E ratio of 21.81, a P/E/G ratio of 1.42 and a beta of 0.78. Grand Canyon Education, Inc. has a 12 month low of $126.17 and a 12 month high of $192.18. The stock has a 50-day moving average of $175.06 and a 200 day moving average of $160.01.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.93 by $0.02. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The company had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. On average, research analysts forecast that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current fiscal year.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.